NRG Energy (NRG) Reaches New 1-Year High at $43.11

NRG Energy Inc (NYSE:NRG) reached a new 52-week high during trading on Tuesday . The company traded as high as $43.11 and last traded at $42.94, with a volume of 6611876 shares. The stock had previously closed at $41.79.

A number of equities research analysts have commented on NRG shares. Deutsche Bank cut shares of NRG Energy from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a report on Monday, January 28th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Friday, January 4th. Macquarie set a $48.00 price target on shares of NRG Energy and gave the stock a “buy” rating in a report on Friday, March 1st. Citigroup raised their price target on shares of NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, December 10th. Finally, ValuEngine upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $42.57.

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The firm has a market cap of $12.10 billion, a PE ratio of 17.37 and a beta of 0.78. The company has a current ratio of 1.50, a quick ratio of 1.33 and a debt-to-equity ratio of 7.16.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, January 31st. NRG Energy’s dividend payout ratio is currently 4.98%.

In other news, VP Robert J. Gaudette sold 18,571 shares of NRG Energy stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $39.42, for a total transaction of $732,068.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher Moser sold 34,296 shares of NRG Energy stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $38.23, for a total transaction of $1,311,136.08. The disclosure for this sale can be found here. Insiders have sold 93,878 shares of company stock valued at $3,758,695 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NRG. Robeco Institutional Asset Management B.V. grew its holdings in shares of NRG Energy by 756.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 85,361 shares of the utilities provider’s stock valued at $3,192,000 after buying an additional 75,397 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in NRG Energy during the third quarter worth about $145,000. Virginia Retirement Systems ET AL boosted its holdings in NRG Energy by 112.7% during the third quarter. Virginia Retirement Systems ET AL now owns 33,600 shares of the utilities provider’s stock worth $1,257,000 after purchasing an additional 17,800 shares during the last quarter. ING Groep NV purchased a new position in NRG Energy during the third quarter worth about $2,078,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in NRG Energy by 77.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,596 shares of the utilities provider’s stock worth $995,000 after purchasing an additional 11,584 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.